Tags : KT&G

KT&G sales resilient

The imposition of graphic health warnings on cigarettes sold in South Korea is expected to knock KT&G’s domestic sales initially, but they are expected to rebound before the end of the year.Read More

Prosecutors raid KT&G over alleged corruption

Prosecutors announced on Oct. 2 that they have raided the headquarters of KT&G, South Korea’s leading tobacco maker, due to allegations that the company created slush funds in the process of taking over other companies, according to The Korea Herald. The office of Min Young-jin, the former head of KT&G Corp., as well as that...Read More

Price hikes result in KT&G profit surge

KT&G’s first-quarter operating profits and revenue have increased significantly compared to the same period last year, due to price hikes and improvements in its affiliates’ performances, according to a story in the Korea JoongAng Daily. South Korea’s No. 1 cigarette and ginseng company’s operating profit increased by nearly 65 percent year-on-year to krw428.5 billion ($395...Read More